Crane NXT Completes First Phase of Antares Vision Acquisition

Core Viewpoint - Crane NXT has completed the acquisition of approximately 32% of Antares Vision, marking a significant step in its strategy to expand into the Life Sciences and Food & Beverage sectors [1][3]. Acquisition Details - Crane NXT purchased the initial stake in Antares Vision at a price of €5.00 per share, totaling approximately €117 million [2]. - The acquisition followed the receipt of all required regulatory approvals [2]. Future Plans - The next step involves a mandatory tender offer for the remaining publicly traded shares of Antares Vision at the same price of €5.00 per share [3]. - Following the completion of the tender offer, Crane NXT plans to acquire the remaining stake owned by Regolo and delist Antares Vision, expected to be completed in 2026 [3]. Company Profiles - Crane NXT is an industrial technology company providing technology solutions for securing, detecting, and authenticating valuable assets [4]. - Antares Vision is an Italian multinational focused on product safety and supply chain transparency, primarily in the Life Sciences and Food & Beverage sectors [5].